HSH Nordbank’s Shipping Loan Loss Provisions Still High

Due to persistently difficult conditions in the shipping market seen during the first half of 2016, loan loss provisions for shipping at Germany&rs...

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Transocean announces agreement to acquire Songa Offshore SE

Transocean Ltd. has reached an agreement with Songa Offshore SE whereby it will, subject to certain conditions, make a Voluntary Exchange Offer to ...

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Gulf Navigation Holding marked rapid profit growth in the first half of 2017 by 33%

The Dubai based “Gulf Navigation Holding PJSC”, listed in Dubai Financial Market (DFM) under “GULFNAV”, announced 33% growt...

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Swedish Club secures further solvency strength

The Swedish Club returned a solid performance in the first six months of the accounting year, following the release today of its half-year results....

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Teekay Tankers declares dividend

Teekay Tankers Ltd. announced that its Board of Directors has declared a cash dividend of $0.03 per share for the quarter ended June 30, 2017, repr...

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TUI sells rest of Its shares in Hapag-Lloyd AG

It is the end of a turbulent chapter in the 170-year history of the company. At the beginning of the week, TUI AG, the tourism company to which Ha...

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Diana Shipping agrees to a loan of US$82.6 million to Diana Containerships Inc

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that it has agreed to refinance its ex...

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Frank Wulf Heads Aircraft Finance of NORD/LB

Frank Wulf becomes new head of the Aircraft Finance business division of NORD/LB. Wulf comes from DVB Bank, where he held various management posts ...

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Diana Shipping reports financial results for the first quarter ended March 31, 2017

Diana Shipping reports financial results for the first quarter ended March 31, 2017 Diana Shipping Inc., a global shipping company specializing...

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Singapore Shipping Association to increase focus on marine insurance

A leader of the Singapore Shipping Association (SSA), an organisation composed of the country’s shipowners and members of allied industries, ...

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Yang Ming’s financial and operating performance has improved significantly

Yang Ming Marine Transport Corporation held its 320th Board Meeting to approve its 2017 first quarter financial reports. The consolidated revenues ...

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Barbican expand marine insurance team

Barbican Insurance Group announced the appointment of Michael McGeown as a marine liability underwriter, with immediate effect. He will report to ...

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AMSC seals USD 500m in loans

American Shipping Company ASA, is pleased to announce that it has received firm commitments for a USD 500 million refinancing of its secured bank d...

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